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Showing 21 - 30 of 65 results for "M Core"

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
... employees or any companies he is a part of cannot solicit funds in connection with any financial products for 20 years. The M Core Fixed Income Notes, M+ Fixed Income Notes and Australian Property Bonds which were advertised to wholesale investors by ...

Mayfair found to have misled

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
... lose some or all their initial investments. The Federal Court found Mayfair made false and misleading statements about the M Core Fixed Income Notes, advertising them as fully secured financial products when funds were actually lent to a related party ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... provisional liquidators concluded that M101 Nominees had been trading insolvent since it began in November 2019 and was paying M Core noteholders distributions and redemptions with money raised from other M Core noteholders. During court proceedings ...

Mayfair 101 wins case, questions remain

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
... confused by the firm's marketing. Stuart Klees sued M101 Holdings, claiming that he was deceived into investing in the M+ and M Core Notes, but the judge found Klees failed to prove his case. This is despite M101 Nominees, which issued the M Core notes ...

ASIC winds up Mayfair 101 debenture issuer

ELIZABETH MCARTHUR  |  MONDAY, 1 FEB 2021
... on a short-term basis and then lending for a term of 10 years. It also heard that distributions and redemptions paid to M Core noteholders were funded from money raised from other M Core noteholders or, to a lesser extent, from investors in unsecured ...

Mayfair 101 heads to mediation

ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
... representations. However, ASIC still alleges Mayfair 101 made false and misleading claims about the M+ Fixed Income Notes and M Core Fixed Income Notes, including comparing the products to bank term deposits. ASIC alleges that this could have caused ...

Advice firm launches dealer group

JAMIE WILLIAMSON  |  MONDAY, 7 DEC 2020
A Sydney-based financial advice firm is entering the licensee space, launching a technology-driven dealer group offering. Insight Investment Partners has launched IIP Dealer Group, led by managing director Anthony Lyon and director Christopher Fellas. ...

Mawhinney lashes out at regulator

ELIZABETH MCARTHUR  |  TUESDAY, 29 SEP 2020
... filed with the court by Grant Thornton found that the business model of M101 Nominees was not sustainable on the basis that M Core noteholders were investing for periods of six or 12 months while the company's loan agreement (with Eleuthera, another ...

AXA IM country head exits

KARREN VERGARA  |  MONDAY, 28 SEP 2020
AXA Investment Managers' country head for Australia and New Zealand is leaving after 16 years with the firm. Craig Hurt joined AXA IM's office in London in 2004 as a director of fixed income and liability-driven investments. Three years later, he was ...

Advice too expensive, hard to access: FPA

ALLY SELBY  |  WEDNESDAY, 16 SEP 2020
New research has revealed COVID-19 has altered Australian spending behaviour, with more households in a fragile financial position than ever before and facing reduced access to financial advice. The research from CoreData, presented at the Financial ...